Orchid Island Capital Inc (NYSE:ORC) finished Wednesday with a subtraction of -$0.08 to close at $8.60, a downside of -0.92 percent. An average of 1,528,600 shares of common stock have been traded in the last five days. There was a fall of -$0.77 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 1,399,865 shares traded, while the 50-day average volume stands at 1,425,744.
ORC stock has decreased by -11.79% in the last month. The company shares reached their 1-month lowest point of $8.56 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.77 and a high of $12.66 in 52 weeks. It has reached a new high 15 times so far this year and lost -18.10% or -$1.90 in price. In spite of this, the price is down -32.07% from the 52-week high.
Valuation Metrics
Orchid Island Capital Inc (ORC) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.82, the price-to-book (PB) ratio at 0.77, and the price-to-cash flow ratio at 3.20.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 8.57 for the quarter ending June 29. Its gross profit as reported stood at -$196.75 million compared to revenue of $144.63 million.
Earnings Surprise
The analyst consensus anticipated Orchid Island Capital Inc’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.34, a -3,300.00% surprise. For the quarter, EBITDA amounted to $58.92 million. At the end of the quarter ending June 29, Orchid Island Capital Inc’s stock balance sheet showed total debt was $4.21 billion. Shareholders own equity worth $43.9 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Orchid Island Capital Inc (ORC) price momentum. RSI 9-day as of the close on 27 September was 20.97%, suggesting the stock is oversold, with historical volatility in this time frame at 29.84%.
As of today, ORC’s price is $8.85 -8.22% or -$0.77 from its 5-day moving average. ORC is currently trading -12.78% lower than its 20-day SMA and -10.04% lower than its 100-day SMA. However, the stock’s current price level is -18.17% below the SMA50 and -18.56% below the SMA200.
The stochastic %K and %D were 4.51% and 11.52%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 3.77% and the average true range at 0.21, the RSI (14) stands at 25.95%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.
Analyst Ratings
Ladenburg Thalmann downgraded Orchid Island Capital Inc (NYSE: ORC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Orchid Island Capital Inc (ORC) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ORC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ORC’s price target for the next 12 months?
Analysts predict a range of price targets between $17.50 and $17.50, with a median target of $17.50. Taking a look at these predictions, the average price target given by analysts for Orchid Island Capital Inc (ORC) stock is $17.50.
